How do early economists define the resources of society combined by entrepreneurs?

The definition of resources combined by entrepreneurs as outlined by early economists primarily revolves around the key elements of production which are traditionally recognized as land, labor, and capital. This foundational understanding reflects the critical inputs necessary for the creation of goods and services in an economy.

Land encompasses all natural resources used in production, such as the physical terrain, minerals, and forests. Labor refers to the human effort used in the production process, which includes both physical and intellectual contributions. Capital signifies the tools, equipment, and facilities that are utilized to produce goods and services.

In this context, entrepreneurs play a key role in combining these resources effectively to create value. They utilize land (natural resources), labor (human resources), and capital (financial resources and machinery), making option B the most accurate representation of how early economists defined the resources of society. The combination of these three elements allows for the development of production and economic activity.

Other options, such as the inclusion of government or credit, do not adhere to the traditional definition provided by early economists. Government influences production but is not classified as a resource in the same way that land, labor, and capital are. Therefore, the correct understanding lies in recognizing the synergy of land, labor, and capital as the fundamental resources combined by